Manufacturing in the Boderplex
The Borderplex, encompassing the border region between New Mexico, Texas, and Mexico, is increasingly becoming a hub for advanced manufacturing. Advanced manufacturing refers to the integration of advanced technologies and processes into traditional manufacturing practices, resulting in improved efficiency, precision, and innovation. In the Borderplex, this trend is evident as businesses leverage the strategic location incubating collaboration and capitalizing on the strengths of three states, and two countries creating one bi-national solution for your company.
One key aspect of advanced manufacturing in the Borderplex is cross-border collaboration. Companies in the region often engage in collaborative efforts that involve the expertise and resources from both sides of the border. This collaborative approach facilitates the exchange of knowledge, skills, and technologies, fostering a dynamic ecosystem that is conducive to innovation. Additionally, the proximity to maquiladoras, manufacturing plants in Mexico, allows for cost-effective production processes, making the Borderplex an attractive destination for businesses seeking to optimize their manufacturing operations.
Moreover, the Borderplex is witnessing the adoption of Industry 4.0 technologies in manufacturing. This includes the integration of automation, artificial intelligence, and data analytics into production processes. These technological advancements not only enhance efficiency but also enable businesses to adapt to rapidly changing market demands. As the region continues to embrace advanced manufacturing practices, it is poised to play a pivotal role in the global manufacturing landscape, driving economic growth and creating a platform for continued innovation.
Medical manufacturing in the Borderplex, the region shared between New Mexico, Texas, and Mexico’s border, is experiencing significant growth and transformation. The sector encompasses the production of medical devices, equipment, and pharmaceuticals, and the Borderplex’s strategic location has positioned it as a key player in this industry. The collaboration between the two countries in the region has led to the establishment of state-of-the-art facilities that contribute to the advancement of medical manufacturing.
An advantage of medical manufacturing in the Borderplex is the synergy between research and production. The region is home to research institutions and academic centers that collaborate closely with manufacturing facilities. This alliance facilitates the seamless transition of innovative medical technologies from research labs to production lines. The result is a dynamic ecosystem where advancements in the medical science industry are rapidly translated into tangible products that address the healthcare needs of North America.
Moreover, New Mexico’s skilled labor force and cost-effective manufacturing capabilities have attracted medical manufacturing companies to establish a presence in the Borderplex. This has led to the creation of jobs and the development of a specialized workforce with expertise in producing high-quality medical products. As the demand for medical devices and pharmaceuticals continues to rise globally, the Borderplex is perfectly positioned to play a crucial role in meeting these demands.
Automotive manufacturing in the Borderplex region, encompassing three states & two countries, is becoming a strategic location that fosters cross-border collaboration and efficient production processes. The automotive sector in the Borderplex is characterized by the presence of assembly plants, OEM suppliers, and logistical assets that contribute to the production of vehicles and automotive components. This integrated supply chain allows for seamless coordination between manufacturers on both sides of the border.
A key driver of automotive manufacturing in the Borderplex is the establishment of maquiladoras – manufacturing plants in Mexico that benefit from the skilled labor force and cost advantages. Automotive companies from around the world have set up operations in the region to take advantage of the proximity to these facilities. Additionally, an opportunity for companies is cross-border collaboration by manufacturing in Mexico and having final assembly in the United States. This provides access to the benefits of manufacturing in Mexico and opens the door to New Mexico’s aggressive tax and incentive packages plus the ability to tap into President Biden’s Investing in America Agenda.
The Borderplex region has become a major hub for production of automotive parts and components supplying companies such as General Motors, Ford, Toyota, and Tesla. The region’s strategic location allows for streamlined logistics, enabling the efficient movement of vehicles and components across borders. As the automotive industry continues to evolve, the Borderplex is well-positioned to play a central role in the production and innovation of vehicles, contributing to economic development and job creation in the region.
Electric vehicle (EV) manufacturing in the Borderplex region, spanning the New Mexico, Texas, and Mexico border, has emerged as a focal point for the growing electric mobility industry. The Borderplex’s strategic location and integrated supply chain have positioned it as an attractive hub for EV manufacturers and suppliers to the industry. With a focus on sustainability and technological advancements, the region has become a center for producing electric vehicles and their components.
One significant aspect of EV manufacturing in the Borderplex is the collaboration between American and Mexican companies to create a seamless production ecosystem. This collaboration extends to the development of cutting-edge technologies, such as battery manufacturing and electric drivetrain components. The region’s proximity to Mexico’s skilled labor force and cost-effective manufacturing capabilities further enhances its appeal to companies seeking to establish or expand their EV production facilities.
As the demand for electric vehicles continues to rise globally, the Borderplex is playing a crucial role in meeting this demand by producing a diverse range of electric vehicles and their components, from compact cars to electric trucks. The region’s commitment to sustainable practices aligns with the goals of the EV industry, contributing to the overall reduction of carbon emissions. With a focus on innovation and environmental responsibility, the Borderplex is poised to shape the future of electric vehicle manufacturing, contributing to the ongoing transformation of the automotive industry.
Aerospace manufacturing in the Borderplex, spanning three states & two countries, has become one thriving industry – advanced by collaboration, innovation, and strategic advantages. This region has become a key player in the aerospace sector, with a focus on producing aircraft components, defense systems, and other aerospace technologies. The cross-border synergy between the United States and Mexico has facilitated the growth of aerospace manufacturing in the Borderplex.
A contributing factor to the success of aerospace manufacturing in the Borderplex is it’s proximity to established aerospace hubs in the United States. The region benefits from a skilled workforce with expertise in aerospace engineering and manufacturing. This skilled labor pool, combined with cost-effective manufacturing capabilities in Mexico, has attracted aerospace companies to set up production facilities, leading to the development of a robust aerospace ecosystem.
The aerospace manufacturing in the Borderplex extends beyond assembly to include research and development activities. Collaborative efforts between research institutions, universities, and industry players have led to advancements in aerospace technologies. The region’s strategic location also facilitates the efficient movement of aerospace components and products across borders. As the aerospace industry continues to evolve, the Borderplex is poised to play a pivotal role in shaping the future of aerospace manufacturing, contributing to technological innovation and economic growth in the region.
Food processing in the Borderplex is a dynamic industry that leverages the strengths of three states and two countries to create a robust and diverse food production ecosystem. The region is characterized by a variety of food processing facilities engaged in the production of agricultural products, food and beverage manufacturing and packaging. The strategic location allows for a seamless integration of the supply chain, ensuring efficient processing and distribution of these products.
One key aspect of food processing and manufacturing in the Borderplex is the diverse agriculture industry. Both the United States and Mexico contribute to the region’s agricultural production, providing a wide range of raw materials for food processing. This collaboration not only ensures a stable supply of ingredients but also fosters economic ties between farmers and manufacturers. Additionally, the proximity to transportation networks and distribution centers facilitates the timely delivery of food products to markets across North America.
The Borderplex has become a hub for food innovation, with companies investing in research and development to create new and unique food products. This includes the development of products to meet evolving consumer preferences. The region’s commitment to quality and safety standards ensures that the food processing and manufacturing sector in the Borderplex contributes to both economic growth and the provision of diverse and high-quality food products to consumers.
Advanced Manufacturing Workforce
The Borderplex region, encompassing cities like El Paso, Ciudad Juárez, Las Cruces, and Santa Teresa, possesses a dynamic and skilled workforce that is a key asset in the realm of advanced manufacturing. With a cross-border labor pool that brings together talent from the United States and Mexico, the region offers a diverse range of skills crucial for high-tech manufacturing. The workforce includes professionals with expertise in engineering, logistics, and technical fields, creating a robust foundation for industries engaged in advanced manufacturing processes.
One of the distinctive features of the Borderplex advanced manufacturing workforce is its adaptability and bilingual capabilities. The ability to seamlessly navigate between English and Spanish enhances communication and collaboration in the cross-border business environment. Moreover, the region’s educational institutions collaborate with industries to provide specialized training programs that align with the evolving needs of advanced manufacturing sectors.
The maquiladora program in Mexico further enhances the workforce landscape, allowing companies to tap into a cost-effective labor market while maintaining proximity to the U.S. market. This collaborative and skilled workforce, combined with the strategic location of the Borderplex, makes it an attractive hub for companies seeking to leverage a diverse talent pool for successful and innovative advancements in the field of advanced manufacturing. As the region continues to grow and invest in educational and training initiatives, the Borderplex is well-positioned to meet the evolving demands of the advanced manufacturing industry.
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NMBorderplex is Pro Business
New Mexico is often considered pro-business due to several factors that create a favorable environment for businesses to operate and thrive. Some key aspects contributing to New Mexico’s pro-business reputation include:
- Business-Friendly Tax Climate: New Mexico offers a competitive tax environment. The state has moderate corporate income tax rates, and certain tax incentives are available to businesses, including credits for job creation, research and development, and film production.
- Job Training Incentives: New Mexico has programs in place to support workforce development and job training. This can be beneficial for businesses looking to enhance the skills of their employees and ensure a qualified workforce.
- Economic Development Incentives: The state provides various economic development incentives to attract and retain businesses. These incentives may include tax credits, grants, and other financial assistance programs to encourage investment and job creation.
- Access to Research and Innovation: New Mexico is home to research institutions such as Los Alamos National Laboratory and Sandia National Laboratories, fostering an environment conducive to innovation. Businesses can benefit from collaborations with these institutions and tap into research and development resources.
- Strategic Location: The state’s geographic location is advantageous for businesses involved in logistics and distribution. Its proximity to major transportation routes and ports facilitates the movement of goods.
- Renewable Energy Opportunities: New Mexico has abundant renewable energy resources, particularly solar and wind. The state’s commitment to renewable energy development can be attractive to businesses seeking sustainability and clean energy solutions.
- Quality of Life: New Mexico offers a high quality of life with a relatively low cost of living. This can be appealing to businesses in terms of attracting and retaining a skilled workforce.
- Film and Television Production Incentives: The state has been successful in attracting film and television productions through competitive incentives, contributing to the growth of the creative industry in New Mexico.
Move Your Business Further Faster
The Borderplex region, encompassing cities such as El Paso, Ciudad Juárez, Las Cruces, and Santa Teresa, boasts significant logistical advantages that contribute to its appeal for businesses engaged in manufacturing and trade.
- Proximity to Major Transportation Routes: Situated at the intersection of major highways and railways, the Borderplex region provides easy access to key transportation routes. This strategic location facilitates efficient movement of goods, reducing transportation costs and enhancing supply chain logistics.
- International Trade and Cross-Border Connectivity: The region’s position along the U.S.-Mexico border makes it a pivotal point for international trade. The presence of multiple border crossings and customs facilities allows businesses to seamlessly navigate cross-border logistics, facilitating the movement of goods between the two countries.
- Port of Entry Facilities: Cities like El Paso and Ciudad Juárez have well-developed port of entry facilities, streamlining customs procedures and expediting the flow of goods. This efficiency is critical for businesses involved in cross-border trade and manufacturing.
- Intermodal Transportation Hub: The Borderplex serves as an intermodal transportation hub, where different modes of transportation, including trucking, rail, and air cargo, converge. This interconnectivity offers businesses flexibility in choosing the most efficient and cost-effective transportation methods for their operations.
- Santa Teresa Port of Entry: The Santa Teresa port of entry is particularly noteworthy, providing a dedicated facility for commercial traffic. This modern port contributes to the region’s logistics infrastructure, supporting the growth of industries involved in advanced manufacturing and international trade.
- Foreign Trade Zones (FTZs): The availability of Foreign Trade Zones in the region allows businesses to benefit from reduced tariffs and streamlined customs procedures, promoting cost savings and operational efficiency.
- Strategic Distribution Center: The Borderplex’s location makes it an ideal distribution center for companies serving both the U.S. and Mexican markets. This strategic advantage is particularly valuable for industries with complex supply chains.
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NMBorderplex Innovation
The Borderplex region, encompassing cities like El Paso, Ciudad Juárez, Las Cruces, and Santa Teresa, has witnessed notable innovations across various sectors that contribute to its dynamic economic landscape. In advanced manufacturing, the region has embraced technological advancements, fostering innovation in production processes, automation, and smart manufacturing. Collaborations between local industries and renowned research institutions, including Los Alamos National Laboratory and Sandia National Laboratories, have driven the development of cutting-edge technologies. This synergy has not only enhanced the efficiency of manufacturing processes but has also positioned the Borderplex as a hub for innovation in the broader manufacturing industry.
Beyond manufacturing, the Borderplex has experienced innovations in renewable energy. With abundant solar and wind resources, the region has become a center for renewable energy development. Projects that harness clean energy sources contribute to sustainability goals while attracting businesses seeking environmentally friendly solutions. The integration of innovative energy technologies and sustainable practices reflects the Borderplex’s commitment to a greener future, aligning with global trends in renewable energy and environmental consciousness. These innovations not only stimulate economic growth but also position the Borderplex as a forward-thinking and environmentally responsible region.
New Mexico Borderplex and Incentives for your company
New Mexico offers a range of incentives aimed at saving manufacturing companies’ money and encouraging business growth. Some key incentives include:
- Job Training Incentives: New Mexico provides support for workforce development through job training programs. Manufacturing companies can benefit from these programs to enhance the skills of their employees, creating a more efficient and specialized workforce.
- Economic Development Incentives: The state offers various economic development incentives to attract and retain businesses. These incentives may include tax credits, grants, and financial assistance programs, helping manufacturing companies reduce their overall operating costs.
- High Wage Jobs Tax Credit: New Mexico’s High-Wage Jobs Tax Credit provides tax incentives to companies that create high-wage jobs. Manufacturing companies offering competitive salaries can qualify for this credit, resulting in tax savings.
- Industrial Revenue Bonds (IRBs): New Mexico allows local governments to issue IRBs to finance the purchase of land, buildings, and equipment for manufacturing projects. The interest on these bonds is exempt from federal and state income taxes, providing a cost-effective financing option for companies.
- Research and Development Tax Credit: Manufacturing companies involved in research and development activities may benefit from tax credits in New Mexico. These credits can significantly reduce the cost of innovation and technological development.
- Single Sales Factor Apportionment: New Mexico uses a single sales factor formula for corporate income tax apportionment. This benefits manufacturing companies that sell goods out of state, as only the sales factor, rather than payroll or property factors, is considered in determining the state income tax liability.
- Green Jobs/Green Collar Jobs Tax Credit: Manufacturing companies engaged in renewable energy and environmental technology projects may qualify for tax credits under the Green Jobs/Green Collar Jobs Tax Credit program. This promotes sustainability initiatives while offering financial incentives.
- Film Production Tax Credit: While not directly related to manufacturing, New Mexico’s Film Production Tax Credit has attracted film and television production companies to the state. The presence of this industry contributes to economic diversity and creates additional business opportunities.
By leveraging these incentives, manufacturing companies in New Mexico can optimize their operational costs, promote job creation, and invest in research and development. These measures collectively enhance the state’s appeal as a pro-business environment for manufacturing enterprises.